Why aren't millennials buying houses? They can't afford it.

When the economy bounced back, millennial salary prospects didn't.

Have you seen this guy?

Memes from here and here.


Friends, meet "Old Economy Steve."

On the Internet, Steve has become the judgmental, clueless baby-boomer embodiment of millennials' worst money-related frustrations.

Who is he, exactly? Well, Old Economy Steve knew how to pull himself up by his bootstraps. He graduated from college without student debt, immediately got a high-paying job, and plans to retire with a pension. He just can't understand why those lazy millennials are living with their parents and still unemployed. (Spoiler: Old Economy Steve is kind of a jerk.)

Of course, Old Economy Steve is really just the fictionalized version of millennial financial anxieties. (And, by the way, it seems like the real "Steve" in the photo is actually a down-to-earth guy). I'd like to think most boomers are a little more compassionate toward us young folk than he is, too, but his meme definitely reflects the discomfort that many millennials have with their money situations right now.

Well, then. Thanks, Google.

What do I mean by “millennial money situations?"

You've heard it all before, so sing along if you know the words: Millennials aren't buying houses, they're not buying cars, they're not saving for retirement, and sometimes they're not even moving out of their parents' basements.

Is all of this because millennials are lazy? Entitled? Coddled? Snake people? Poor planners?

Not quite. A lot of folks would argue that it's because millennials have no money (check out that point of view in an article from the New York Times earlier this year). Here are a few truth bombs that might explain what's going on:

1. Millennial wages aren't just frozen — they're actually shrinking.

Many millennials were either in college or about to graduate when the recession hit hard. Lots of employees across the U.S. were let go — not exactly the best economic climate when you're looking for your first job.

And while the economy bounced back, their salary prospects did not. As The Atlantic pointed out last year, average wages for young people have fallen by 10% in many industries since 2007. Add that to the fact that many millennials live in big cities with extremely high rents and high costs of living because that's where the jobs are.

Just to put it in perspective, the average male student graduating from college in 1979 made an hourly wage of $19.97 (adjusted for inflation). For 2010 graduates, the average hourly wage was $21.77 — down almost a dollar from 2000. And female graduates make even less than that. You can point that out to them when they ask why you're not planning on buying a house in your 20s.

So we're not getting paid as much as previous generations of young adults were getting paid, we live in places where it's not really feasible to buy a home, and of course…

2. Student loans eat up a hefty chunk of whatever income millennials have left.

The average student loan debt for the class of 2011 was $26,600. Most of those students are living under the shadow of that debt for years, sometimes even decades.

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Say hello to Sallie Mae (she's on the left.)

Experts posit that millennials are less likely to be homeowners than previous generations mostly because all of their cash is going toward paying off their debt. Most are unable to save.

But there's one more piece of information that might surprise you about millennials' finances:

3. We're finding ways to fix the problem.

I'm going to speak for my generation for a second here: Just because we're young, it doesn't mean we're lazy. We haven't given up yet. In fact, a lot of us are finding some really creative solutions to cope with the changing economy.

Like what? Like tiny houses. These little homes are inexpensive, energy-efficient, and quickly becoming a trend. And in the future, we might even see apartment-like buildings made of mobile “smart homes."

Tiny homes! Image from Guillaume Dutilh on Wikimedia Commons.

We're also being smarter about our health care costs, thanks in part to the Affordable Care Act. The uninsured rate for young folks is lower now than it's been since before 1997.

And we're putting pressure on our lawmakers to get real about paralyzing student loans. There's no reason interest rates on student debt should be so high, and some elected representatives and candidates are speaking up about it.

So, lazy? Entitled? Coddled? Snake people? Poor planners? Not quite.

Unable to keep their heads above water? That seems more like it. Admittedly, there's a lot of systemic work still to be done for millennials and their financial security. I'm in the thick of it with all the rest of you.

But there's also a lot that we're already doing — because just like every other generation, we want control over our futures.

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Should a man lose his home because the grass in his yard grew higher than 10 inches? The city of Dunedin, Florida seems to think so.

According to the Institute of Justice, which is representing Jim Ficken, he had a very good reason for not mowing his lawn – and tried to rectify the situation as best he could.

In 2014, Jim's mom became ill and he visited her often in South Carolina to help her out. When he was away, his grass grew too long and he was cited by a code office; he cut the grass and wasn't fined.

France has started forcing supermarkets to donate food instead of throwing it away.

But several years later, this one infraction would come back to haunt him after he left to take care of him's mom's affairs after she died. The arrangements he made to have his grass cut fell through (his friend who he asked to help him out passed away unexpectedly) and that set off a chain reaction that may result in him losing his home.

The 69-year-old retiree now faces a $29,833.50 fine plus interest. Watch the video to find out just what Jim is having to deal with.

Mow Your Lawn or Lose Your House! www.youtube.com

Cities

The world officially loves Michelle Obama.

The former first lady has overtaken the number one spot in a poll of the world's most admired women. Conducted by online research firm YouGov, the study uses international polling tools to survey people in countries around the world about who they most admire.

In the men's category, Bill Gates took the top spot, followed by Barack Obama and Jackie Chan.

In the women's category, Michelle Obama came first, followed by Oprah Winfrey and Angelina Jolie. Obama pushed Jolie out of the number one spot she claimed last year.

Unsurprising, really, because what's not to love about Michelle Obama? She is smart, kind, funny, accomplished, a great dancer, a devoted wife and mother, and an all-around, genuinely good person.

She has remained dignified and strong in the face of rabid masses of so-called Americans who spent eight years and beyond insisting that she's a man disguised as a woman. She's endured non-stop racist memes and terrifying threats to her family. She has received far more than her fair share of cruelty, and always takes the high road. She's the one who coined, "When they go low, we go high," after all.

She came from humble beginnings and remains down to earth despite becoming a familiar face around the world. She's not much older than me, but I still want to be like Michelle Obama when I grow up.

Her memoir, Becoming, may end up being the best-selling memoir of all time, having already sold 10 million copies—a clear sign that people can't get enough Michelle, because there's no such thing as too much Michelle.

Don't like Michelle Obama? Don't care. Those of us who love her will fly our MO flags high and without apology, paying no mind to folks with cold, dead hearts who don't know a gem of a human being when they see one. There is nothing any hater can say or do to make us admire this undeniably admirable woman any less.

When it seems like the world has lost its mind—which is how it feels most days these days—I'm just going to keep coming back to this study as evidence that hope for humanity is not lost.

Here. Enjoy some real-life Michelle on Jimmy Kimmel. (GAH. WHY IS SHE SO CUTE AND AWESOME. I can't even handle it.)

Michelle & Barack Obama are Boring Now www.youtube.com

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via EarthFix / Flickr

What will future generations never believe that we tolerated in 2019?

Dolphin and orca captivity, for sure. They'll probably shake their heads at how people died because they couldn't afford healthcare. And, they'll be completely mystified at the amount of food some people waste while others go starving.

According to Biological Diversity, "An estimated 40 percent of the food produced in the United States is wasted every year, costing households, businesses and farms about $218 billion annually."

There are so many things wrong with this.

First of all it's a waste of money for the households who throw out good food. Second, it's a waste of all of the resources that went into growing the food, including the animals who gave their lives for the meal. Third, there's something very wrong with throwing out food when one in eight Americans struggle with hunger.

Supermarkets are just as guilty of this unnecessary waste as consumers. About 10% of all food waste are supermarket products thrown out before they've reached their expiration date.

Three years ago, France took big steps to combat food waste by making a law that bans grocery stores from throwing away edible food.According to the new ordinance, stores can be fined for up to $4,500 for each infraction.

Previously, the French threw out 7.1 million tons of food. Sixty-seven percent of which was tossed by consumers, 15% by restaurants, and 11% by grocery stores.

This has created a network of over 5,000 charities that accept the food from supermarkets and donate them to charity. The law also struck down agreements between supermarkets and manufacturers that prohibited the stores from donating food to charities.

"There was one food manufacturer that was not authorized to donate the sandwiches it made for a particular supermarket brand. But now, we get 30,000 sandwiches a month from them — sandwiches that used to be thrown away," Jacques Bailet, head of the French network of food banks known as Banques Alimentaires, told NPR.

It's expected that similar laws may spread through Europe, but people are a lot less confident at it happening in the United States. The USDA believes that the biggest barrier to such a program would be cost to the charities and or supermarkets.

"The logistics of getting safe, wholesome, edible food from anywhere to people that can use it is really difficult," the organization said according to Gizmodo. "If you're having to set up a really expensive system to recover marginal amounts of food, that's not good for anybody."

Plus, the idea may seem a little too "socialist" for the average American's appetite.

"The French version is quite socialist, but I would say in a great way because you're providing a way where they [supermarkets] have to do the beneficial things not only for the environment, but from an ethical standpoint of getting healthy food to those who need it and minimizing some of the harmful greenhouse gas emissions that come when food ends up in a landfill," Jonathan Bloom, the author of American Wasteland, told NPR.

However, just because something may be socialist doesn't mean it's wrong. The greater wrong is the insane waste of money, damage to the environment, and devastation caused by hunger that can easily be avoided.

Planet

The world is dark and full of terrors, but every once in a while it graces us with something to warm our icy-cold hearts. And that is what we have today, with a single dad who went viral on Twitter after his daughter posted the photos he sent her when trying to pick out and outfit for his date. You love to see it.




After seeing these heartwarming pics, people on Twitter started suggesting this adorable man date their moms. It was essentially a mom and date matchmaking frenzy.

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